Saturday, June 25, 2011

WSJ says GoDaddy will be sold for $2 Billion

Wall Street Journal (WSJ) is reporting that the Domain registration and hosting company is about to be bought for $2 billion by Private-equity firms KKR, Silver Lake Partners, and another investment group. is the world's largest registrar of domain names. The site also sells e-commerce, security and other services to people and businesses looking to manage their online presence. Customers pay GoDaddy monthly fees, which brings the company steady cash flow.

GoDaddy was founded in 1997 by Bob Parsons, who continues to be the company's owner and chief executive. It is known for its edgy advertising, including Super Bowl commercials. And, 2 months back Bob Parsons was criticized for killing elephant and putting the video of elephant killing in his website.

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